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Disincorporation of a company

Disincorporation of a company

Disincorporation of a company  Jess Brooks
Published on: 11/02/2026

Thinking of closing a limited company and moving to sole trader? Disincorporation can trigger tax on asset transfers, goodwill gains, SDLT/VAT issues, and different outcomes when extracting cash. Here are the key points to watch.

Entrepreneur
Are you running a business or enjoying a hobby?

Are you running a business or enjoying a hobby?

Are you running a business or enjoying a hobby?Jess Brooks
Published on: 04/02/2026

Selling online more often? HMRC doesn’t use a single “hobby limit.” Learn how the £1,000 trading allowance works, why platforms may report sales, and how the badges of trade help decide business vs hobby.

Entrepreneur
Free fuel – Is it a worthwhile benefit?

Free fuel – Is it a worthwhile benefit?

Free fuel – Is it a worthwhile benefit? Jess Brooks
Published on: 04/02/2026

Free fuel via a company fuel card can trigger a big taxable fuel benefit, regardless of low private miles. See how the 2025/26 calculation works, plus a quick break-even guide and opt-out tip.

Entrepreneur
Do ‘resident cruisers’ pay income tax?

Do ‘resident cruisers’ pay income tax?

Do ‘resident cruisers’ pay income tax?  Jess Brooks
Published on: 21/01/2026

Living on a cruise ship doesn’t automatically mean escaping UK tax. Residency is determined by the Statutory Residence Test, not lifestyle. We explain when ‘resident cruisers’ may still be liable to UK income tax.

Entrepreneur